Diocesan Budget Income from Diocesan Investments Other income - - PowerPoint PPT Presentation

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Nov 27, 2023 756 likes •909 views

Diocesan Budget Income from Diocesan Investments Other income from Fees / Grants / SDF Gross Parish Share Lowest Income Communities Fund Parish Share Requested Parish Share Requested Deanery Deanery Ministry Allocated Attendance

SLIDE 1

Diocesan Budget

Income from Diocesan Investments Other income from Fees / Grants / SDF Gross Parish Share Lowest Income Communities Fund Parish Share Requested

SLIDE 2

Parish Share Requested Deanery Ministry Allocated Weighting: 70% Deanery Attendance Weighting: 30% Modified by Ability to Give drawn from Income (Experian) Data Reapportioned to take account of the LICF 30 Parishes (N&S has 1) Initial Deanery Allocation

SLIDE 3

Diocesan Reserves if needed to balance budget Newark & S’Well £605,000

vs. 2017: £772,900

Is this more than was PAID in 2017? YES (inc N&S) Increase by 2017 Paid +5.3% (CPI+3%) Hold at 2017 paid NO Actual Share Request £6,022,900 Parish Share Requested

SLIDE 4

Benefice Ministry Allocated Weighting: 50% Modified by locally determined ability to give (+/- 10%) Benefice Ministry Allocated Weighting: 50% Allowance for Buildings Newark & S’Well £605,000 +£30,000 LICF =£635,000

SLIDE 5

Calculated Share Balderton/Barnby/Collingham £48,095 Beck & Trent £36,351 East Trent £43,528 Octave £30,299 Edingley & Halam £25,892 Farndon/Hawton £31,212 Newark: St M & St L £61,467 Newark: Christchurch £41,164 Farnsfield et al £31,911 North Western £39,293 Ollerton / B&E £39,332 Riverside £33,284 West Trent £55,520 Southwell £75,216 Tuxford £42,392

SLIDE 6

Is this more than was PAID in 2017?

SLIDE 7

Calculated Share 2017 +5.3% Balderton/Barnby/Collingham £48,095 £66,303 Beck & Trent £36,351 £35,787 East Trent £43,528 £27,429 Octave £30,299 £24,878 Edingley & Halam £25,892 £22,386 Farndon/Hawton £31,212 £35,502 Newark: St M & St L £61,467 £55,388 Newark: Christchurch £41,164 £18,954 Farnsfield et al £31,911 £38,030 North Western £39,293 £19,348 Ollerton / B&E £39,332 £46,959 Riverside £33,284 £32,486 West Trent £55,520 £63,137 Southwell £75,216 £87,817 Tuxford £42,392 £30,296

SLIDE 8

Is ‘Paid 2017+5.3%’ more than Calculated Share? YES Hold at 2017 paid +5.3%

SLIDE 9

Calculated Share 2017 +5.3% Request Balderton/Barnby/Collingham £48,095 £66,303 £66,303 Beck & Trent £36,351 £35,787 East Trent £43,528 £27,429 Octave £30,299 £24,878 Edingley & Halam £25,892 £22,386 Farndon/Hawton £31,212 £35,502 £35,502 Newark: St M & St L £61,467 £55,388 Newark: Christchurch £41,164 £18,954 Farnsfield et al £31,911 £38,030 £38,030 North Western £39,293 £19,348 Ollerton / B&E £39,332 £46,959 £46,959 Riverside £33,284 £32,486 West Trent £55,520 £63,137 £63,137 Southwell £75,216 £87,817 £87,817 Tuxford £42,392 £30,296

SLIDE 10

Is ‘Paid 2017+5.3%’ more than Calculated Share? NO Increase in line with Initial Allocation

SLIDE 11

Calculated Share 2017 +5.3% Request Balderton/Barnby/Collingham £48,095 £66,303 Beck & Trent £36,351 £35,787 £36,351 East Trent £43,528 £27,429 £43,528 Octave £30,299 £24,878 £30,299 Edingley & Halam £25,892 £22,386 £25,892 Farndon/Hawton £31,212 £35,502 Newark: St M & St L £61,467 £55,388 £61,467 Newark: Christchurch £41,164 £18,954 £41,164 Farnsfield et al £31,911 £38,030 North Western £39,293 £19,348 £39,293 Ollerton / B&E £39,332 £46,959 Riverside £33,284 £32,486 £33,284 West Trent £55,520 £63,137 Southwell £75,216 £87,817 Tuxford £42,392 £30,296 £42,392

SLIDE 12

Is ‘Paid 2017+5.3%’ more than Calculated Share? YES NO Hold at 2017 paid +5.3% Increase in line with Initial Allocation Remove LICF for Ollerton & Christ Church Figure Requested for each Benefice

SLIDE 13

Calculated Share 2017 +5.3% Request Balderton/Barnby/Collingham £48,095 £66,303 £66,303 Beck & Trent £36,351 £35,787 £36,351 East Trent £43,528 £27,429 £43,528 Octave £30,299 £24,878 £30,299 Edingley & Halam £25,892 £22,386 £25,892 Farndon/Hawton £31,212 £35,502 £35,502 Newark: St M & St L £61,467 £55,388 £61,467 Newark: Christchurch £41,164 £18,954 £26,164 Farnsfield et al £31,911 £38,030 £38,030 North Western £39,293 £19,348 £39,293 Ollerton / B&E £39,332 £46,959 £31,959 Riverside £33,284 £32,486 £33,284 West Trent £55,520 £63,137 £63,137 Southwell £75,216 £87,817 £87,817 Tuxford £42,392 £30,296 £42,392

Diocesan Budget Income from Diocesan Investments Other income - - PowerPoint PPT Presentation

Diocesan Budget

Income from Diocesan Investments Other income from Fees / Grants / SDF Gross Parish Share Lowest Income Communities Fund Parish Share Requested

Parish Share Requested Deanery Ministry Allocated Weighting: 70% Deanery Attendance Weighting: 30% Modified by Ability to Give drawn from Income (Experian) Data Reapportioned to take account of the LICF 30 Parishes (N&S has 1) Initial Deanery Allocation

Diocesan Reserves if needed to balance budget Newark & S’Well £605,000

Is this more than was PAID in 2017? YES (inc N&S) Increase by 2017 Paid +5.3% (CPI+3%) Hold at 2017 paid NO Actual Share Request £6,022,900 Parish Share Requested

Benefice Ministry Allocated Weighting: 50% Modified by locally determined ability to give (+/- 10%) Benefice Ministry Allocated Weighting: 50% Allowance for Buildings Newark & S’Well £605,000 +£30,000 LICF =£635,000

Is this more than was PAID in 2017?

Is ‘Paid 2017+5.3%’ more than Calculated Share? YES Hold at 2017 paid +5.3%

Is ‘Paid 2017+5.3%’ more than Calculated Share? NO Increase in line with Initial Allocation

Is ‘Paid 2017+5.3%’ more than Calculated Share? YES NO Hold at 2017 paid +5.3% Increase in line with Initial Allocation Remove LICF for Ollerton & Christ Church Figure Requested for each Benefice

Offers received in Response to Requested Figure

Does total of

received add up to at least £605,000?

YES Agree individual Parish Allocations and send them to the Finance Dept

Standing Committee makes the final allocation to Benefices

NO Figure Requested for each Benefice

Standing Committee reviews offers